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How did Infosys do in its Q1?


Craig Nicholas

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Infosys Limited’s (NYSE:INFY) reported adjusted earnings of $0.13 per share in its Q1 fiscal 2020 financial results. This figure represents an increase of 3.2% year-over-year. When compared to the Zacks Consensus Estimate, the result has hit the mark.

The company delivered revenues of $3.131bn, which is a 10.6% increase year-over-year. On top of that, it surpassed the Zacks Consensus Estimate of $3.098bn. In terms of constant currency (CC), revenues went up by 12.4%.

Both analysts and the company expect great things for fiscal 2020. Revenues are expected to grow anywhere from 8.5% to 10% at constant currency. This forecast was revised upwards from a range of 7.5% to 9.5% predicted earlier.

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